China National Optical Cable Output Increased By 20.8% Year-On-Year In May
The National Bureau of Statistics released the national economic operations in May. The National Bureau of Statistics pointed out that with the solid progress of resuming production, resuming business and resuming the market, production demand continued to improve, employment prices were generally stable, positive changes accumulated, and the national economy gradually recovered.
In May, the added value of the industrial enterprises above designated size increased by 4.4% year-on-year, and the growth rate was 0.5 percentage points faster than that of April; the chain increased by 1.53%, almost returning to the normal range. Among them, the added value of the equipment manufacturing industry and the high-tech manufacturing industry performed well, increasing by 9.5% and 8.9% respectively. From the product side, the output of optical cables increased by 20.8% year-on-year.
Recently, CRU pointed out that in Q1 2020, the outbreak occurred in China. After the Lunar New Year, most optical fiber and cable manufacturers delayed the resumption of production and production. Therefore, in this quarter, the output of optical fibers and optical cables fell by 27% and 18%, respectively. However, from the second quarter onwards, the epidemic was effectively controlled in China, and Wuhan, a major optical communications town, returned. CRU believes that the lost output can be recovered within the rest of the year.
According to data from the National Bureau of Statistics, in April after the end of Q1, my country's optical cable output increased by 43.8% year-on-year, followed by a year-on-year increase of 20.8% in May. With the acceleration of the construction of 5G and big data centers in my country, the demand for infrastructure such as optical fiber and optical cables will be driven, and the output of optical cables may be further improved.
As the epidemic is gradually controlled and the construction of 5G communications continues to advance, the demand for optical cables and related optical fiber products will continue to grow.
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